Agri Business

Tea prices drop 2.33% in 2010

P. S. Sundar Coonoor | Updated on January 07, 2011

Prices of teas sold through the auction centres of the country fell 2.33 per cent in 2010 compared to 2009, reveals an analysis of the market reports and the latest information available with the Tea Board.

Till November, for which official data is available, prices at the country's auction centres averaged Rs 102.77 a kg against Rs 105.22 in 2009. This decline of Rs 2.45 a kg posted a fall of 2.33 per cent.

Prices declined sharply in South Indian auction centres while they posted an increase in the North.

In the North, prices rose 2.91 per cent to average Rs 117.94 a kg — Rs 3.34 more than 2009. But volume sold declined by 6.35 million kg (mkg) to total 321.95 mkg as the asking price was more. Prices increased in all the auction centres in the North. Kolkata auctions fetched the country's highest average price of Rs 130.37 a kg (in 2009: Rs 124.01), followed by Guwahati at Rs 111.67 (Rs 110.56) and Siliguri at Rs 103.96 (Rs 103.48).

In the South, prices declined as much as 17.07 per cent to average Rs 67.41 a kg – a whopping fall of Rs 13.88 over 2009.

Published on January 07, 2011

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